Honasa Consumer, the parent company of personal care brand Mamaearth, reported a strong start to FY27, posting robust growth in both revenue and profitability during the first quarter. The company crossed Rs 750 crore in quarterly operating revenue while recording its highest-ever quarterly profit, supported by healthy demand across its brand portfolio, improved operating leverage, and contributions from recent acquisitions.
According to the company’s financial statements filed with the National Stock Exchange (NSE), Honasa’s revenue from operations grew 27% year-on-year to Rs 756 crore in Q1 FY27, compared to Rs 595 crore in the corresponding quarter of the previous fiscal.
Revenue Crosses Rs 750 Crore
The Gurugram-based beauty and personal care company continued to maintain strong momentum across its portfolio despite heightened competition in India’s fast-growing D2C and FMCG segments.
In addition to operating revenue, the company earned Rs 22.5 crore through non-operating income, taking its total income to Rs 778 crore during the quarter.
While Honasa did not disclose a detailed brand-wise revenue breakup, the company highlighted the performance of its recently acquired men’s grooming brand Reginald Men in its shareholder letter. According to the company, the brand has more than doubled in scale since the acquisition and is now operating at an annual revenue run rate exceeding Rs 150 crore.
Honasa has been actively strengthening its portfolio through acquisitions as it expands beyond skincare into adjacent personal care and wellness categories.
Expenses Rise Alongside Growth
As the company continued to scale operations, expenses also increased during the quarter.
The cost of materials consumed remained the largest expense category, rising 34% year-on-year to Rs 229 crore, compared to Rs 171 crore in Q1 FY26. The increase reflects higher production volumes and continued investments in expanding product offerings.
Employee benefit expenses also moved higher, increasing 10% to Rs 66 crore from Rs 60 crore in the year-ago period.
Other expenses, including finance costs, depreciation, amortisation, logistics, and operational overheads, also contributed to the rise in overall expenditure.
As a result, total expenses increased to Rs 659 crore during Q1 FY27 from Rs 564 crore in the corresponding quarter last year.
Despite the increase in costs, revenue growth significantly outpaced expenditure, enabling the company to deliver stronger operating margins.
Profit More Than Doubles
Honasa reported a sharp improvement in profitability during the quarter.
The company’s net profit more than doubled to Rs 90.45 crore in Q1 FY27 from Rs 41.33 crore in Q1 FY26, marking the highest quarterly profit since its listing.
Operating profitability also improved substantially. EBITDA doubled to Rs 110 crore, while the company’s EBITDA margin expanded to 14%, reflecting better operating efficiency and improved cost management.
The strong margin performance indicates that Honasa continues to benefit from scale efficiencies while maintaining disciplined spending across its business.
Sequential Growth Remains Strong
Compared to the previous quarter, Honasa also reported healthy sequential growth.
Revenue from operations increased 15% from Rs 657 crore reported in Q4 FY26, while net profit rose 30.3% from Rs 69.44 crore.
The sequential improvement highlights sustained consumer demand and stronger execution across the company’s product portfolio despite a competitive market environment.
Strengthening Portfolio Through Acquisitions
Alongside organic growth, Honasa has continued to strengthen its business through strategic acquisitions.
In June 2026, the company acquired a 58% stake in nutraceutical company Fluence Pharma at an enterprise value of around Rs 135 crore, marking its entry into the rapidly expanding nutrition and wellness segment.
Combined with the strong performance of Reginald Men, the acquisition reflects Honasa’s broader strategy of building a diversified beauty, personal care, grooming, and wellness ecosystem.
Outlook
Honasa Consumer’s Q1 FY27 performance reflects improving execution, stronger operating leverage, and continued expansion across its brand portfolio. The company’s ability to deliver robust revenue growth while more than doubling profits demonstrates the effectiveness of its portfolio diversification strategy and disciplined cost management. With recent acquisitions such as Reginald Men and Fluence Pharma expanding its presence across grooming and wellness categories, Honasa appears well-positioned to strengthen its market share further. As consumer demand for premium personal care and wellness products continues to rise in India, the company is expected to focus on innovation, distribution expansion, and operational efficiency to sustain its growth momentum in the coming quarters.
